First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Plans $0.05 Monthly Dividend

Key Points

• MDIV announced a monthly dividend of $0.052 per share, with an ex-dividend and record date of April 21 and a payable date of April 30, implying an annualized yield of about 3.8%.
• The fund is an exchange-traded fund managed by First Trust that tracks an equal-weighted index of US-listed income assets—dividend-paying equities, REITs, preferred securities, MLPs and a high-yield bond ETF—launched August 14, 2012.
• MDIV recently traded around $16.51 with a 50-day/200-day moving average of $16.44/$16.07, a one-year range of $15.42–$16.81, a market cap of about $406.15 million, P/E of 14.11 and beta of 0.57.

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV - Get Free Report) announced a monthly dividend on Monday, April 20th. Stockholders of record on Tuesday, April 21st will be given a dividend of 0.052 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, April 21st.

First Trust Multi-Asset Diversified Income Index Fund Price Performance

First Trust Multi-Asset Diversified Income Index Fund stock opened at $16.51 on Tuesday. The business has a 50 day moving average of $16.44 and a 200-day moving average of $16.07. First Trust Multi-Asset Diversified Income Index Fund has a 1 year low of $15.42 and a 1 year high of $16.81. The company has a market capitalization of $406.15 million, a P/E ratio of 14.11 and a beta of 0.57.

First Trust Multi-Asset Diversified Income Index Fund Company Profile

The Multi-Asset Diversified Income Index Fund (MDIV) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index of equal-weighted US-listed securities, comprised of dividend-paying equities, REITs, preferred securities, MLPs, and a high-yield bond ETF. MDIV was launched on Aug 14, 2012 and is managed by First Trust.

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